https://www.miningweekly.com

China remains key to growth of African mining, says MD

KOBUS VAN DER WATH
His fifth consecutive keynote address at the Mining Indaba dealt with the potential to develop a global natural resources alliance between China and Africa

KOBUS VAN DER WATH His fifth consecutive keynote address at the Mining Indaba dealt with the potential to develop a global natural resources alliance between China and Africa

7th March 2014

By: Ilan Solomons

Creamer Media Staff Writer

  

Font size: - +

Understanding Asia, particularly China, was key to ensuring sustainable growth for the African mining industry, said international advisory, procurement and sales activation firm The Beijing Axis (TBA) group MD Kobus van der Wath, who spoke to Mining Weekly at the Investing in African Mining Indaba, in Cape Town last month.

Van der Wath delivered his fifth consecutive keynote address at this year’s conference on the possibility of developing a global natural resources alliance between China and Africa.

“It is crucial that African mining companies and related industries understand the significance of China’s role in global resource demand, as well as the resources consumption and demand trends of China and other Asian countries such as Japan, Malaysia, Indonesia and India. This is because developing Asian countries are experiencing rapid industrialisation and, therefore, require African resources to sustain their growth, albeit slower growth in some countries such as China,” explained Van der Wath.

His presentation further explored the extent of Chinese outbound investment in the resources sector.



“China’s role and influence in the global resources sector is constantly expanding and I believe that, in the future, China is likely to further expand its resource acquisition to include energy, metals and minerals,” he said.

Van der Wath also told Mining Weekly that China represented a significant opportunity for Africa, particularly in the area of exploration investment.

“Africa is a resource-rich continent and China’s demand for these resources will lead to significant investment from the Chinese industry.”

Service Offering

TBA has been operating for 12 years and employs 50 staff members at its offices in Beijing, China, making it one of the largest South African companies operating in China.

The company has four cross-border business units that focus on strategy, procurement, commodities and capital, which provide significant support for Chinese and African companies exploring business partnerships.

TBA’s Strategy and Management Consulting division assists Chinese companies in developing strategies for conducting business in Africa and assists African companies in devising strategies for engaging with Chinese businesses.

Meanwhile, the company’s Outsourced Procurement Services business provides cross-border global procurement and supply chain solutions. Its Commodity Trading business is also active in commodity marketing, procurement and trading between Asia and Africa.

Further, TBA’s Capital Advisory division advises Chinese businesses on deploying strategic capital across a range of commodities worldwide, specifically in Africa.

“We aim to assist with the engagement between Chinese and African businesses and to facilitate the favourable outcomes for both groups,” Van der Wath concluded.

Edited by Samantha Herbst
Creamer Media Deputy Editor

Comments

Showroom

SBS Tanks
SBS Tanks

SBS® Tanks is a leading provider of innovative water security solutions with offices in Southern Africa, East and West Africa, the USA and an...

VISIT SHOWROOM 
Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024
Resources Watch
Resources Watch
17th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.259 0.305s - 176pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: